Asian Markets Follow Wall Street’s Lead in a Broad Sell-Off

Uploaded by Program Studi Sistem Informasi UMN on February 9, 2018 at 11:51 am

Asian Markets Follow Wall Street’s Lead in a Broad Sell-Off

Asian Markets Follow Wall Street’s Lead in a Broad Sell-OffHONG KONG — Investors across Asia — from Hong Kong to Seoul, Tokyo to Shanghai — appeared to get the same memo on Friday morning: Sell.The MSCI China stock index, which tracks shares of some of China’s biggest companies, is stillup nearly 50 percent since the beginning of last year even after the recent stock slumpThe sell-off, which started earlier this week, was prompted by fears of rising inflation in the United States as strong data, including low unemploymentand high corporate profits, suggested the economy’s resilience.Rising inflation could lead the Federal Reserve to raise its interest rates sooner than expected, setting offa series of reactions around the globe as the cost of borrowing in American dollars would begin to rise.Following drastic losses in the United States on Thursday, stock markets across the region fell deep into the red in morning trading.

Asian Markets Follow Wall Street’s Lead in a Broad Sell-OffHONG KONG — Investors across Asia — from Hong Kong to Seoul, Tokyo to Shanghai — appeared to get the same memo on Friday morning: Sell.The MSCI China stock index, which tracks shares of some of China’s biggest companies, is stillup nearly 50 percent since the beginning of last year even after the recent stock slumpThe sell-off, which started earlier this week, was prompted by fears of rising inflation in the United States as strong data, including low unemploymentand high corporate profits, suggested the economy’s resilience.Rising inflation could lead the Federal Reserve to raise its interest rates sooner than expected, setting offa series of reactions around the globe as the cost of borrowing in American dollars would begin to rise.Following drastic losses in the United States on Thursday, stock markets across the region fell deep into the red in morning trading.